Debt Ceiling Talks Raise Concerns for Social Security and Resilient Stocks.
TL;DR Summary
CNBC's Jim Cramer recommends investing in defensive stocks like health care, discount stores, and natural gas as lawmakers remain in a stalemate about the debt ceiling. Cramer suggests Oneok, a natural gas pipeline company, and Chipotle as safe bets, along with clothing discounters Ross Stores and TJX. He also recommends pharmaceutical companies Biogen and Eli Lilly, with the latter having an edge due to its popular weight loss and diabetes medicine, Mounjaro. Cramer advises investors to learn from the 2011 debt ceiling crisis and focus on winners that stayed winners through the worst of the debt ceiling talks.
- Jim Cramer expects defensive stocks to be resilient as debt ceiling talks drag on CNBC
- US may default on debt as soon as June 1, Yellen reaffirms CNN
- How Social Security Payments Could Be Affected By the Debt Ceiling | Your Money Briefing | WSJ Wall Street Journal
- How Could A Debt Ceiling Crisis Impact Social Security? Forbes
- Debt ceiling: Getting an 'appetite for compromise will be very hard without a crisis,' reporter says Yahoo Finance
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